Duluth Friends of Tennis Inc

Analysis

Duluth Friends of Tennis Inc is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in January 1985, 41 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Duluth Friends of Tennis Inc reported income of $85k and spending of $66k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $67k to $85k (+27%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Duluth Friends of Tennis Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 30th percentile within MN. Charities of a similar size with the same main cause include Plano Lacrosse Association ($85k), Montana Endurance Academy ($85k) and Clinton Fall Festival Inc ($85k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 78% of the total. At year end it held assets of $136k against liabilities of $0, net assets of $136k.